Chapter 11

Chapter 11,

Definition of Chapter 11:

  1. Protection from creditors given to a company in financial difficulties for a limited period to allow it to reorganize.

  2. Section of the US bankruptcy code under which a firm can file for protection against creditors while continuing to operate under existing management. The firm must have a court-approved plan to reorganize the business and must make it work.

  3. Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts, and assets, and for that reason is known as "reorganization" bankruptcy. Named after the U.S. bankruptcy code 11, corporations generally file Chapter 11 if they require time to restructure their debts. This version of bankruptcy gives the debtor a fresh start. However, the terms are subject to the debtor’s fulfillment of its obligations under the plan of reorganization.

  4. Chapter 11 bankruptcy is the most complex of all bankruptcy cases. It is also usually the most expensive form of a bankruptcy proceeding. For these reasons, a company must consider Chapter 11 reorganization only after careful analysis and exploration of all other possible alternatives.

How to use Chapter 11 in a sentence?

  1. If the debtor does not suggest a program, the creditors may propose one instead.
  2. If a company filing for Chapter 11 opts to propose a reorganization plan, it must be in the best interest of the creditors.
  3. It was the fourth airline to go into Chapter 11 since December.
  4. The trend of retail companies filing for Chapter 11 has continued into the early part of 2020. On Jan. 23, 2020, CNBC reported that Fairway Market, a grocery chain based in New York City, filed for Chapter 11 bankruptcy and was shuttering five of its 14 stores and a distribution center while putting its other stores up for auction.

Meaning of Chapter 11 & Chapter 11 Definition

Chapter 11,

Chapter 11 Definition:

Meaning of Chapter 11: Chapter 11 is a type of bankruptcy that involves the restoration of the debtor's business, debt and assets and is therefore called reorganization bankruptcy. Now it's time to restructure your debt. This different form of bankruptcy allows the borrower to resume. However, the conditions assume that the debtor fulfills his obligations under the rehabilitation plan.

  • If a Chapter 11 filing company decides to develop a restructuring plan, it should be in the best interests of your creditors.
  • If the borrower does not offer the program, the lender can offer.
  • The trend of retail business towards Chapter 11 lists will continue till early 2020. On January 23, 2020, CNBC announced that at the New York-based supermarket, Fairway Market had filed for bankruptcy. 11 And it has closed five of its 14 stores. And distribution centers while other stores are being auctioned off.

Literal Meanings of Chapter 11

Chapter:

Meanings of Chapter:
  1. The central body of a book, usually with numbers or titles.

  2. A period or event in a person's life, history of a nation, etc.

  3. The governing body of the religious class, especially the church or the order of the knights.

  4. Local branch of the company.

Sentences of Chapter
  1. We will discuss this in Chapter Eleven.

  2. A tragic chapter in European history

  3. Land provided by the Dean and Council of San Pablo Cathedral. Donated

  4. Local branch of the American Cancer Society

Synonyms of Chapter

convention, arm, epoch, consistory, wing, episode, part, period, page, division, branch, subdivision, bit, segment, stage, offshoot, agency, section, lodge, component, governing body

Chapter 11,

What Does Chapter 11 Mean?

  1. Chapter 11 is a form of bankruptcy that governs the debtor's business, debts and assets and is therefore called bailout bankruptcy. Now is the time to restructure your debt. This version of bankruptcy gave believers a new art. However, the conditions require the debtor to fulfill his obligations according to the payment schedule.

    • If a Chapter 11 filing company decides to develop a re-adjustment plan, it should be in the best interest of the lenders.
    • If the debtor does not offer the program, the lender can offer it.
    • The retail business trend towards fulfillment of Chapter 11 order will continue till early 2020. On January 23, 2020, CNBC announced that New York-based supermarket chain, Fairway Market, had signed up for five of its 14 stores and a distribution center on January 23. , 2020, while other stores will be auctioned off.

Literal Meanings of Chapter 11

Chapter:

Meanings of Chapter:
  1. Part of a book, usually with a number or title.

  2. A certain period in a person's history or life.

  3. Order of the governing body or knights of the religious community.

Sentences of Chapter
  1. People are about to start a new chapter in their story.

  2. Land provided by the Dean and the Council of the Cathedral of San Pablo. Donated

  3. A brochure published by the local branch of the American Cancer Society.

Synonyms of Chapter

era, convocation, satellite, portion, assembly, council, synod, time, instalment, bureau, phase, department, subsidiary